ArcelorMittal South Africa and NWU team-up to empower small business owners

The North-West University (NWU) and ArcelorMittal South Africa (AMSA) recently teamed-up to present an entrepreneurial training initiative to small business owners in the Vanderbijlpark region.

The university – by means of the bhive Enterprise Development Centre (bhive EDC), provided vital business related training to entrepreneurs located in the region with a specific focus on enterprises providing goods and/or services as consumed within the steel industry (AMSA). The training took place over a period of seven months and saw 17 small business owners taking part in the initiative.

The following selection criteria was set for participation:

  • Start-up enterprises or businesses trading for a period of no more than four years.
  • Must provide goods and/or services to the steel industry.
  • Envisioned turnover of enterprises must be less than R1,5 million per annum.
  • Typical full-time staff component must not exceed five individuals (including the owner).

Participants had the opportunity to pitch their respective business ventures to a panel of business experts and consultants, including the likes of: Mr Freddie Swart (AMSA Group Manager: Transformation), Mr Johann Landsberg (Manager: bhive EDC), Mr Junior Mthimkhulu (Centre for Continuing Professional Development – or CCPD), Ms Leonie Greyling (Aequis Consulting, South Africa), Dr Vic Herbst (Community leader) and Ms Natanya Meyer (NWU Vaal, School of Economic Sciences).

* The short course was administered and coordinated by CCPD on the Vanderbijlpark Campus and carries a NQF-level 5 weight.

One of the small business owners pitching his business idea to the panel.

Submitted on Tue, 03/28/2017 - 08:37